What is a chapter 13 plan and the value proposition?

A chapter 13 bankruptcy offers protection from persecution or your creditors giving entered their return to a specified period. You rated which may be kept if you own property, such as a house or a car under Chapter 13. Chapter 13 PlanDuring bankruptcy chapter 13, the amount of money you pay, as well as the number of monthly payments that you to the Court in bankruptcy, is known as a plan.BasisThe chapter 13 Chapter 13 is based plan on your monthly income - is the money that you left after pay for basic necessities, such as a mortgage products food payments.Motion car for the movement of ValuationA review is filed with the Court of Justice to determine how a particular investment as a car or a home.Use ValuationThe used Tribunal review to protect of the assets of the struggling to pay your creditors. This value can also be used to determine how much you may have to pay to get asset.Plan before the Court and ValuationYou be your creditors to reimburse and reimburse the value of the elements you want to keep. Example if you have a car, which determines the rate is $10,000, numbers only $10,000 to the Court for chapter 13 plan, the car to keep.